'Use Nifty dips to enter the market'

ET NowApr 1, 2010, 12.45pm IST

ET Now caught up with Anu Jain, Vice President, IIFL Private Wealth Management, India Infoline, to get her views on the outlook of the Nifty.

What you think of the Nifty?

Nifty is doing that testing of the 5,300 resistance, which is very strong. So, you can probably have some kind of a pullback to 5,300-5,320. The convincing breakout would be only when we take off 5,330-5,340 and closer over it for about two sessions. What you were seeing yesterday was some kind of a panning build-up, but then we took big support at 5,250. So, the Nifty has a positive bias, dip should be used to get into the market.